Events Calendar

Economics of Petroleum Exploration

Lagos

Participants will learn how to take hydrocarbon volumes and risks and apply a structured decision analysis process to them.  The portfolio optimization process will also be discussed in order to help participants understand how to select the “best” exploration projects.

The comparison of exploration projects under different fiscal regimes will be presented by incorporating discounted cash flow and net present value.  The basics of decision analysis for exploration will be reviewed using sensitivities, decision trees, expected monetary value, and the value of information. 

Production Logging - Fundamentals

Beijing

This course teaches you the use and limitations of a variety of production logging tools including spinner, temperature, noise, fluid injections and others tools.   You will learn what results these tools yield, the interpretation assumptions that are integral to their designs, and how quality is affected by the acquisition process.  You will also learn the fundamentals of production log interpretation with hands-on examples and an in-class workshop on interpreting single and two phase flow using production logs.  You will learn how production logs can be used for the measurement of 3 phase fluid flow.